We Can't Afford the Luxury of High-speed Rail | Randal O'Toole | Cato Institute: Commentary

We Can't Afford the Luxury of High-speed Rail | Randal O'Toole | Cato Institute: Commentary: "At an inflation-adjusted cost of about $450 billion paid out of highway user fees, the Interstate Highway System, to which high-speed rail is sometimes compared, provides more than 4,000 miles of passenger travel for every American, miles that Americans were not traveling before the system was built. By comparison, a $600 billion expenditure on high-speed rail will provide, at best, around 300 miles of travel per person."

"Amtrak brags that its high-speed Acela between Boston and Washington covers its operating costs, though not its capital costs. It does so, however, only by collecting fares of about 75 cents per passenger mile. By comparison, airline fares average only 13 cents a passenger mile, and intercity buses (which, Amtrak doesn't want you to know, carry about three times as many passengers between Boston and Washington as the Acela) are even less expensive."


"Since most high-speed rail stations will be in downtowns, the main users will be downtown workers such as lawyers, bankers, and government officials. Yet less than 8% of American jobs are in central city downtowns, meaning all Americans will subsidize trains used by only a small urban elite."

Grading the Governors | Chris Edwards | Cato Institute: Commentary

Grading the Governors | Chris Edwards | Cato Institute: Commentary: "As the Republican Nevada Gov. Jim Gibbons said in opposing tax hikes, 'It's not the role of the state government to put people out of work.'

Another troubling trend is the spread of 'tax credit disease.' Most states offer dozens of narrow tax breaks to favored activities. For example, more than 40 states offer film production incentives — favoring Hollywood jobs over, say, manufacturing."